What is the story about?
What's Happening?
HomeTowne Studios Seattle-Kent, a 133-key economy extended stay hotel, is available for purchase in the South Seattle metro area. Built in 1998 and renovated in 2015, the hotel offers Single and Double Queen studios with kitchenettes, ADA-accessible units, and on-site laundry facilities. Located near Seattle-Tacoma International Airport and the Port of Tacoma, the hotel benefits from demand drivers such as Boeing, Blue Origin, and Amazon. The property may be delivered unflagged, allowing for independent operation or repositioning under a new flag. The Call for Offers is scheduled for September 17, 2025.
Why It's Important?
The sale of HomeTowne Studios Seattle-Kent presents a significant investment opportunity in a high-demand area. The hotel's extended-stay design supports conversion to workforce housing or micro-apartments, offering flexibility for investors. The proximity to major employers and infrastructure developments enhances its appeal, potentially increasing demand for contract lodging. The upcoming FIFA World Cup matches in Seattle are expected to boost tourism and lodging demand, further enhancing the property's investment potential.
What's Next?
Investors interested in HomeTowne Studios Seattle-Kent can submit offers by September 17, 2025. The property's flexible operational options may attract a diverse range of buyers, including those looking to reposition or convert the hotel. As Seattle prepares to host the FIFA World Cup, the hotel could see increased interest from investors seeking to capitalize on the anticipated economic impact and expanded lodging demand.
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